Taseko Mines (TSE:TKO) Stock Rating Lowered by TD Securities

TD Securities lowered shares of Taseko Mines (TSE:TKO) from a strong-buy rating to a hold rating in a research report report published on Wednesday, Marketbeat Ratings reports. They currently have C$5.00 price objective on the stock, up from their previous price objective of C$3.50.

A number of other research analysts have also recently issued reports on the company. Paradigm Capital lifted their price objective on Taseko Mines from C$4.50 to C$5.25 and gave the company a “buy” rating in a report on Monday, July 7th. National Bankshares upped their price objective on shares of Taseko Mines from C$4.50 to C$5.25 and gave the stock an “outperform” rating in a research note on Tuesday, June 24th.

Taseko Mines Trading Down 0.7%

TKO stock opened at C$4.40 on Wednesday. Taseko Mines has a 1-year low of C$2.38 and a 1-year high of C$5.05. The business’s 50 day moving average is C$3.82 and its 200-day moving average is C$3.28. The firm has a market cap of C$1.34 billion, a P/E ratio of 17.21 and a beta of 1.92.

Insider Transactions at Taseko Mines

In other news, Director Russell Edward Hallbauer acquired 20,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was purchased at an average cost of C$4.70 per share, for a total transaction of C$94,000.00. Also, Senior Officer Richard James Weymark sold 34,000 shares of the company’s stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of C$4.91, for a total transaction of C$166,940.00. Insiders sold a total of 170,100 shares of company stock worth $784,200 over the last 90 days. 2.58% of the stock is owned by insiders.

Taseko Mines Company Profile

Taseko Mines Ltd is a Canadian mining company. It is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada, and the State of Arizona, the United States. The Gibraltar, Aley, New Prosperity, and Harmony properties are located in British Columbia whereas Florence copper is in central Arizona.